I notice, my Lord Mayor, by your speech that you had reached the conclusion that the news from the various fronts has been somewhat better lately. In our wars the episodes are largely adverse, but the final results have hitherto been satisfactory. Away we dash over the currents that may swirl around us, but the tide bears us forward on its broad, resistless flood. In the last war the way was uphill almost to the end. We met with continual disappointments, and with disasters far more bloody than anything we have experienced so far in this one. But in the end all the oppositions fell together, and all our foes submitted themselves to our will.

We have not so far in this war taken as many German prisoners as they have taken British, but these German prisoners will no doubt come in in droves at the end just as they did last time. I have never promised anything but blood, tears, toil, and sweat. Now, however, we have a new experience. We have victory - a remarkable and definite victory. The bright gleam has caught the helmets of our soldiers, and warmed and cheered all our hearts.

The late M. Venizelos observed that in all her wars England - he should have said Britain, of course - always wins one battle - the last. It would seem to have begun rather earlier this time. General Alexander, with his brilliant comrade and lieutenant, General Montgomery, has gained a glorious and decisive victory in what I think should be called the Battle of Egypt. Rommel's army has been defeated. It has been routed. It has been very largely destroyed as a fighting force.

This battle was not fought for the sake of gaining positions or so many square miles of desert territory. General Alexander and General Montgomery fought it with one single idea. They meant to destroy the armed force of the enemy, and to destroy it at the place where the disaster would be most far-reaching and irrecoverable.

All the various elements in our line of battle played their parts - Indian troops, Fighting French, the Greeks, the representatives of Czechoslovakia and the others who took part. The Americans rendered powerful and invaluable service in the air. But as it happened - as the course of the battle turned - it has been fought throughout almost entirely by men of British blood from home and from the Dominions on the one hand, and by Germans on the other. The Italians were left to perish in the waterless desert or surrender as they are doing.

The fight between the British and the Germans was intense and fierce in the extreme. It was a deadly grapple. The Germans have been outmatched and outfought with the very kind of weapons with which they had beaten down so many small peoples, and also large unprepared peoples. They have been beaten by the very technical apparatus on which they counted to gain them the domination of the world. Especially is this true of the air and of the tanks and of the artillery, which has come back into its own on the battlefield. The Germans have received back again that measure of fire and steel which they have so often meted out to others. Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.

Henceforth Hitler's Nazis will meet equally well armed, and perhaps better armed troops. Henceforth they will have to face in many theatres of war that superiority in the air which they have so often used without mercy against others, of which they boasted all round the world, and which they intended to use as an instrument for convincing all other peoples that all resistance to them was hopeless. When I read of the coastal road crammed with fleeing German vehicles under the blasting attacks of the Royal Air Force, I could not but remember those roads of France and Flanders, crowded, not with fighting men, but with helpless refugees - women and children - fleeing with their pitiful barrows and household goods, upon whom such merciless havoc was wreaked. I have, I trust, a humane disposition, but I must say I could not help feeling that what was happening, however grievous, was only justice grimly reclaiming her rights.

It will be my duty in the near future to give to Parliament a full and particular account of these operations. All I will say of them at present is that the victory which has already been gained gives good prospect of becoming decisive and final so far as the defence of Egypt is concerned.

But this Battle of Egypt, in itself so important, was designed and timed as a prelude and counterpart of the momentous enterprise undertaken by the United States at the western end of the Mediterranean - an enterprise under United States command in which our Army, Air Force, and, above all, our Navy, are bearing an honourable and important share. Very full accounts have been published of all that is happening in Morocco, Algeria, and Tunis. The President of the United States, who is Commander-in-Chief of the armed forces of America, is the author of this mighty undertaking, and in all of it I have been his active and ardent lieutenant.

You have no doubt read the declaration of President Roosevelt, solemnly endorsed by His Majesty's Government, of the strict respect which will be paid to the rights and interests of Spain and Portugal, both by America and Great Britain. Towards those countries our only policy is that they shall be independent and free, prosperous and at peace. Britain and the United States will do all that they can to enrich the economic life of the Iberian Peninsula. The Spaniards especially, after all their troubles, require and deserve peace and recuperation.

At this time our thoughts turn towards France, groaning inbondage under the German heel. Many ask themselves the question: Is France finished? Is that long and famous history, adorned by so many manifestations of genius and valour, bearing with it so much that is precious to culture and civilisation, and above all to the liberties of mankind - is all that now to sink for ever into the ocean of the past, or will France rise again and resume her rightful place in the structure of what may one day be again the family of Europe? I declare to you here, on this considerable occasion, even now when misguided or suborned Frenchmen are firing upon their rescuers, I declare to you my faith that France will rise again. While there are men like General de Gaulle and all those who follow him - and they are legion throughout France - and men like General Giraud, that gallant warrior whom no prison can hold, while there are men like those to stand forward in the name and in the cause of France, my confidence in the future of France is sure.

For ourselves we have no wish but to see France free and strong, with her Empire gathered round her and with Alsace-Lorraine restored. We covet no French possession; we have no acquisitive appetites or ambitions in North Africa or any other part of the world. We have not entered this war for profit or expansion, but only for honour and to do our duty in defending the right.

Let me, however, make this clear, in case there should be any mistake about it in any quarter. We mean to hold our own. I have not become the King's First Minister in order to preside over the liquidation of the British Empire. For that task, if ever it were prescribed, someone else would have to be found, and, under democracy, I suppose the nation would have to be consulted. I am proud to be a member of that vast commonwealth and society of nations and communities gathered in and around the ancient British monarchy, without which the good cause might well have perished from the face of the earth. Here we are, and here we stand, a veritable rock of salvation in this drifting world.

There was a time, not long ago, when for a whole year we stood all alone. Those days, thank God, have gone. We now move forward in a great and gallant company. For our record we have nothing to fear, we have no need to make excuses or apologies. Our record pleads for us, and will gain gratitude in the breasts of free men and women in every part of the world.

As I have said, in this war we desire no territorial gains and no commercial favours; we wish to alter no sovereignty or frontier for our own benefit or profit. We have come into North Africa shoulder to shoulder with our American friends and Allies for one purpose, and one purpose only - namely, to gain a vantage ground from which to open a new front against Hitler and Hitlerism, to cleanse the shores of Africa from the stain of Nazi and Fascist tyranny, to open the Mediterranean to Allied sea power and air power, and thus effect the liberation of the peoples of Europe from the pit of misery into which they have been cast by their own improvidence and by the brutal violence of the enemy.

These two African undertakings, in the east and in the west, were part of a single strategic and political conception which we have laboured long to bring to fruition, and about which we are now justified in entertaining good and reasonable confidence. Thus, taken together, they were two aspects of a grand design, vast in its scope, honourable in its motive, noble in its aim. The British and American affairs continue to prosper in the Mediterranean, and the whole event will be a new bond between the English-speaking peoples and a new hope for the whole world.

I recall to you some lines of Byron, which seem to me to fit the event, the hour, and the theme: -

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